Steven Weiskircher Sells 5,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.26, for a total value of $176,300.00. Following the completion of the sale, the senior vice president now directly owns 44,575 shares in the company, valued at approximately $1,571,714.50. This represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Steven Weiskircher also recently made the following trade(s):

• On Monday, February 10th, Steven Weiskircher sold 10,815 shares of Liquidity Services stock. The stock was sold at an average price of $33.99, for a total value of $367,601.85.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The shares were sold at an average price of $33.31, for a total value of $19,386.42.

Liquidity Services Trading Up 3.5 %

LQDT stock traded up $1.21 during trading on Wednesday, reaching $35.55. 537,410 shares of the stock were exchanged, compared to its average volume of 323,314. The firm has a market cap of $1.10 billion, a P/E ratio of 47.40 and a beta of 1.36. Liquidity Services, Inc. has a twelve month low of $15.79 and a twelve month high of $39.72. The firm’s 50 day moving average is $32.85 and its 200 day moving average is $26.29.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LQDT. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

Hedge Funds Weigh In On Liquidity Services

Large investors have recently made changes to their positions in the stock. Access Investment Management LLC raised its position in shares of Liquidity Services by 0.4% in the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock worth $2,675,000 after buying an additional 345 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 11.2% in the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after buying an additional 487 shares during the period. Franklin Resources Inc. increased its holdings in shares of Liquidity Services by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider’s stock worth $507,000 after buying an additional 683 shares during the period. Willis Investment Counsel grew its stake in shares of Liquidity Services by 1.6% in the fourth quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock worth $1,689,000 after purchasing an additional 800 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Liquidity Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider’s stock worth $1,146,000 after purchasing an additional 900 shares during the last quarter. 71.15% of the stock is owned by institutional investors.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.